Chapter 490 [Bears with Explosive Mentality]
Luo Sheng's light and elegant words came out, but the participants in the audience were stunned.
Who will take over such a hot potato at this time?
Lao Zhang was the first to come back from the shock and distraction, and said in surprise: "Mr. Luo, this should be the mysterious sense of expectation you said earlier, right?" β
Luo Sheng smiled indifferently and immediately stood up from his seat, his eyes fell on Zhong Yuanhong, and the latter also got up and walked to the conference table.
"Everyone, let me introduce you, Director Zhong Yuanhong of the State-owned Assets Supervision and Administration Office."
When they heard Luo Sheng's concise introduction, everyone in the audience was secretly shocked, and they suddenly realized at this moment.
No wonder!
At this time, only the state can take this hot potato.
At this time, Zhong Yuanhong, who had entered the conference room and was silent until now, spoke, and said with a smile: "On behalf of the State-owned Assets Supervision and Administration Office, I brought 600 billion yuan of liquid cash, about 88 billion US dollars of foreign exchange funds to invest in Bluestar Technology Group, in addition, the bank has also prepared 356 billion yuan, about 52.2 billion US dollars of foreign exchange funds low-interest loans, in short, the country fully supports Bluestar Technology through this crisis." β
As soon as these words came out, Zhang Bowen and others attending the meeting were all in high spirits, and an executive couldn't hide his excitement on the spot and laughed: "Haha, once this news is announced, Chanos, these Wall Street bears, are estimated to be stupid." β
$140.2 billion!
In the end, it is the handiwork of the state, and this batch of "strategic materials" is sent to the frontline battlefield, and the situation will change dramatically between the battles.
At the last moment, the executives attending the meeting were all under a dark cloud on their faces, still complaining in their hearts, and even secretly complaining that Luo Sheng had made the company miserable for his own use, and if it wasn't for his decision to take the $135 billion share repurchase plan, maybe none of this would have happened.
But now they all apologized to Luo Sheng in their hearts, and they were secretly shocked.
In this way, all this should be expected and controlled by Luo Sheng, and he finally understands that these days, such a big crisis has occurred in Bluestar Technology, but Luo Sheng, as the founder at the helm, is so Buddhist and does not care about things, and throws all the work to Zhang Bowen and their senior management to deal with.
It turned out that all this was under his control, and thinking of this level, the managers attending the meeting inexplicably felt a sense of awe for the boss.
And a sense of adoration!
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Two hours later, a contract was signed, and Zhong Yuanhong signed on behalf of the State-owned Assets Supervision and Administration Office and Luo Sheng on behalf of Bluestar Technology.
In fact, it has been signed a long time ago, and now it is just a process.
The State-owned Assets Supervision and Administration Office bought 28% of the treasury shares of Bluestar Technology for an astronomical sum of $88 billion in cash, which can be said to be sold at a low price, even according to the current market value of Bluestar Technology Group, the nominal value of 28% of the shares is as high as $140 billion, which just matches the $140.2 billion brought by this time.
However, the other more than $50 billion was borrowed to Bluestar Technology and will be repaid in the future.
But the value of this transaction obviously cannot be reflected in the amount of money face-to-face, and the real core value is that Bluestar Technology Group has a super strong backing.
It is equivalent to the endorsement of the state.
So far, the State-owned Assets Supervision and Administration Office has become the largest shareholder of Bluestar Technology Group, and Luo Sheng has become the second largest shareholder, but he is still the largest individual shareholder.
The shareholders of Bluestar Technology Group have changed, but the shareholding structure has not changed, it is still a partnership system, and Luo Sheng still has absolute control over the company.
However, the State-owned Assets Supervision and Administration Office not only does not interfere with the company's operations, but also omits the dispatch of directors, and only appoints auditors to the company.
"With this batch of funds in place, it is not an exaggeration to say that the combat effectiveness has instantly returned to a full state." Zhang Bowen said with a smile, and the other managers attending the meeting also laughed, and everyone was in a good mood.
Compared to the oppressive atmosphere before the start of the meeting, this moment is a stark contrast.
Small money is really a good thing, as long as there is it, as long as there is enough, it can make people feel more down-to-earth.
Zhong Yuanhong said with a smile: "If it continues like this, I estimate that Bluestar Technology is not far from privatization and delisting." β
Now there are fewer and fewer stocks circulating in the market, as long as the other party dares to sell, Bluestar Technology will dare to follow.
Luo Sheng smiled indifferently and said: "If you are delisted, you will be delisted." β
It would be good if Wall Street could send a wave of assists, anyway, Luo Sheng had already decided that Bluestar Technology would be listed in Hong Kong at the same time, and delisting from the NASDAQ would not be a big deal.
However, it is worth mentioning that Bluestar Technology Group does not owe Wall Street a penny now, but the company still owes a lot of debt, but the creditor is not Wall Street anymore.
It owes 356 billion yuan to the five major banks, and owes more than 480 billion yuan to the brother companies Cote d'Azur, Shengfeng Capital, and Life Science Fund.
Debt has soared a lot, but it is also the asset allocation attribute has changed, the previous cash reserves exceeded more than 200 billion US dollars, and now they are almost gone, but they are not really gone, which is equivalent to the fact that Bluestar Technology used this money to buy back shares from the stock market and continue to redeem itself, Wall Street held as much as 68% of Bluestar Technology's shares, and now there is not much left.
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Wall Street.
In a conference room, Wall Street and other bears gathered.
Chanos said confidently: "The total loss of the book amount has exceeded 200 billion US dollars, but Bluestar Technology has bottomed out, and after three days, it will support for a week at most, and BTC stocks will fall off a cliff and even become junk stocks, and everything will be bitter at that time." β
The president of Muddy Waters sighed: "I hope so, this time it's too big." β
This short-selling incident will surely leave a strong mark in the history of finance and be remembered by history.
At this moment, the legendary financial predator George Soros who attended the meeting answered the phone, but after a moment, his face suddenly froze, and the bears present also noticed the sudden change in the face of the legendary predator.
The original optimistic mentality subconsciously collapsed again at this moment, you must know that not only Zhang Bowen and others are nervous during this time, but these short predators are no better, as long as they see the amount of floating losses on the books, they are under great pressure.
Neither side can afford to lose, but at this point, there is always one side that has to lose.
"What's wrong, George? What's going on? β
At the end, I saw George Soros put down the phone and muttered to himself: "There is news from the other side of the ocean, and Bluestar Technology has obtained $140.2 billion in liquidity." β
As soon as these words came out, everyone present was shocked to the point of incredulity, and exclaimed in unison:
βWhatοΌβ
Soros said succinctly: "China endorsed it and provided this fund. β
The head of Muddy Waters Company widened his eyes: "This is impossible, this is absolutely impossible, and it is not a financial crisis sweeping the world, there has never been a case where a country will hold a market for a single company." β
Soros: "Now there's it!" β
When the words fell, the entire conference room suddenly fell silent, as if a pin could be heard.
More than half of the people present seemed to interpret two words in their eyes: it's overββ!
The head of a short fund said resentfully: "Shet, this is unfair, this is a despicable act against market behavior." β
When he said this sentence indignantly, not only did other people feel funny, but he himself also felt funny and shameless, and he was empty, and this kind of thing was the most unqualified to say.
Apparently, the mentality exploded in an instant.
In the face of the sudden extra $140 billion of Bluestar Technology, the bears on Wall Street suddenly felt tired.
Presumably, the stock god Buffett must be highly concerned about the current dynamics of Bluestar Technology, which is one of the few Internet technology companies he has held heavy holdings, and the stock god now has a lot of cash in his hands, as long as he is willing to sell at any time.
"It's not that there is no chance." George Soros said suddenly.
His words undoubtedly made others feel like they had grabbed a life-saving straw, and they really didn't dare to sink further, the rational way to do this situation was to close the position and stop loss, but how could they be willing to sink two-thirds of their bodies?
I saw that everyone's eyes were on this legendary predator.
George Soros said slowly: "Persuade the White House that only in this way can you turn over." The lesson of the fiasco fifteen years ago made me understand that Bluestar Technology is now supported by the big red powers, and if there is no equal force to hedge, this short plan will undoubtedly fail, otherwise it is better to stop the loss as soon as possible. β
Chanos was succinct: "Oh, the situation is getting crazier and crazier, and the more you play, the bigger you get..."
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